The 50:50 JV is to develop and operate three major UK logistics parks in key locations, which, when fully-let, are expected to deliver a total of around 925,000 sq m of space, equating to an anticipated £135m headline rent and fully developed gross asset value of approximately £3bn.Segro plans to s…
The dermatology specialist is seeking a biologics license from the American regulator for relabotulinumtoxinA, which is already approved under the brand name Relfydess in 33 markets.In a brief update, Galderma said that following a manufacturing site inspection, the FDA had sent it a complete respo…
The FTSE 250 retailer - which as well as House of Fraser and Sports Direct owns Evans Cycles, Everlast and Game, among various others - said it was selling 100% of its interest to its partner, MAP Active. Frasers works with MAP across Indonesia, Philippines, Thailand, Vietnam and Cambodia.Under the…
"A prospective end to the Iran war should position European cyclicals for improved performance as confidence in industrial activity rebuilds - we would expect RS to be a beneficiary of this," the bank said. "Our recent caution in respect of spillover risk from the Iran war has not materialised, wit…
Results from holes MBDD045 to MBDD047 returned 34 mineralised intersections, including 6.00 metres at 2.41 grams per tonne gold from 84.60 metres in MBDD045, including 1.00 metre at 13.00 grams per tonne, and 3.00 metres at 4.16 grams per tonne from 123.30 metres in MBDD047, including 1.00 metre at…
“The dollar is squeezing higher, the yen is sliding without Tokyo’s usual bark, gold is cracking under the weight of higher-rate risk, and the UK’s latest ‘black hole’ story looks more political theatre than fiscal earthquake,” said Patrick Munnelly, market strategy partner at TickMill.Brent crude…
The current guarantee arrangement, which was transitioning into a run-off phase, having been in place for the past three years, will be replaced by a new facility that DFCH said is "closely aligned to its lending strategy".The company said the facility allows it to support more SME lending to its m…
Berenberg said the deal, announced on 19 June, boosted the proportion of direct revenues, broadened LBG's client base, enhanced its creative capabilities and improved its value proposition with younger audiences.The German bank described the acquisition as financially accretive and lifted its earni…
Haycock, currently the group’s director of financial reporting, will assume the CFO role on 1 December after a handover with interim CFO Andrew Lewis and following publication of the company’s results for the year ending 31 August 2026.Chairman Dick Elsy said Haycock had emerged as the standout can…
The AIM-traded transport safety technology company said it was in advanced discussions with several potential lenders and had received multiple term sheets, following its interim results update in March.Chief executive Paul McGlone said the process would extend beyond the end of FY2026 due to lende…
The UK manufacturing purchasing managers' index LSE:PMI came in at 52.5 in June, down from the preliminary estimate of 53.1 released a week ago.This marked the lowest rate of growth – indicated by any figure above the neutral 50-point level – in three months and a slowdown from the 53.9 print regis…
Revenue for the fourth quarter fell 1% to $11.0bn, or 4% on a currency-neutral basis, while full-year revenue was flat at $46.4bn, down 2% currency-neutral.Quarterly diluted EPS rose to $0.72, helped by a $0.52 benefit from an expected $986m tariff recovery, while full-year EPS slipped 3% to $2.10…
The S&P Global Manufacturing purchasing managers index recorded its fifth straight month of growth despite registering a small fall to 51.4, slightly below May’s 51.6.Output strengthened, reaching a two‑month high, supported by a modest improvement in demand. Despite this, supply conditions remaine…
Updating on third-quarter trading, the tile specialist said group revenues had fallen by more than expected, down 1.8% to £75.6m in the 39 weeks to 27 June. Like-for-like revenues were flat.Topps Tiles said trading had been affected by prior year store closures, "challenging" market conditions - wi…
Revenue rose 17% to £270.2m in the year to 31 March, while adjusted EBITDA was broadly flat at £40.6m.Pre-tax profit fell 14% to £26.7m, adjusted pre-tax profit declined 9% to £27.5m, and adjusted EPS dropped 13% to 18.9p.Operating cash flow increased 29% to £32.4m, while the group moved to adjuste…
Assets under management rose 43% to £30.6bn in the year to 31 March, while average AuM increased 14% to £26.0bn.Net inflows totalled £902m, including £1.4bn in the final quarter, and momentum continued after year-end, with AuM reaching £44.7bn by 19 June after a further £2.3bn of net inflows.Core o…
The lease has been assigned to a "global consumer brand" and the assets are being bought by a member of the DHL Group, Asos said.The sale has resulted in net proceeds of around £48m and annual cash cost savings of £6m at current exchange rates. There is also a one-off profit before tax of around £7…
Chemring said the three‑year IDIQ, awarded by the Capability Program Executive for Chemical, Biological, Radiological and Nuclear Defense, has a contract ceiling of $48.8m and an estimated completion date of June 2029.The FTSE 250-listed group said the JBTDS system provides rapid detection and iden…
The FTSE 250 firm, a specialist in critical healthcare infrastructure, said existing debt facilities had been refinanced with a new term loan and revolving credit facility with eight banks, including three new counterparties.It is split into three tranches, two of three years and one of five. All h…
Rochussen will succeed Patrick De Smedt, who plans to step down as chair by 30 September after leading the board since Bytes Technology's 2020 listing.Bytes said Rochussen brings more than 30 years' leadership experience, including as chief executive of Polar Capital, where he oversaw disciplined g…
